Investors should focus on companies like Asian Paints: Dipan Mehta, BSE and NSE

In a chat with ET Now, Dipan Mehta, Member BSE and NSE, shares his views on Asian Paints. Excerpts:
ET Now: Asian Paints has come out and delivered a 200 bps EBITDA margin expansion. What is your view on the numbers?

Dipan Mehta: The blue chip companies will continue to deliver; no doubt Asian Paints had a couple of bad quarters earlier but now it has recovered on loss ground.

Investors should continue to focus on such companies rather than some of the beaten down stock which are zooming up at this point of time.

Asian Paints has consistently outperform the industry and delivered better numbers within its peer group. All the valuations are on the high side; the company will continue to deliver higher returns at least then what the broader indices of the markets are delivering over long period of time.